Sunday, May 1, 2011

Vaswani Industries IPO - Subscription, Allotment, Listing

Vaswani Industries IPO got 4 times oversubscribed thanks to support from NIIs and Retail segments.

At the close of the IPO,
QII segment got subscribed 0.16 times
NII segment got subscribed 11.29 times
Retail segment got subscribed 6.82 times

Click here to check for Vaswani Industries IPO Allotment status!

Vaswani Industries got listed on 24 October, 2011 after a gap of 5 months. The stock fell as much as 71% to hit an intra-day low of Rs 14 on NSE, before closing down nearly 64% at Rs 17.80 against the issue price of Rs 49 per share. It came under SEBI investigation for large number of withdrawals and rejections in non-institutional investors' category.